Maldives and ADB
In the Spotlight
Ten years on from the Asian Tsunami of 2004, stronger and more resilient communities are enjoying the fruits of a reconstruction effort that also served as invaluable experience in the aftermath of other natural calamities.
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
The Key Indicators for Asia and the Pacific 2014 presents the latest available economic, financial, social, and environmental statistics for the 48 regional members of ADB. Download the statistical tables for the Maldives.
Climate change impacts, if left unchecked, could cause the Maldives annual losses of over 12% of GDP by 2100, says an ADB report.
The Maldives has enjoyed sustained growth, driven largely by its luxury tourism industry. In 2011, it graduated to middle-income status, and average incomes are now among the highest in South Asia. However, broad income disparities between the capital Malé and the outer islands remain.
Since 1978, ADB has been a major development partner of the Government of the Maldives. ADB has focused on capacity building in public sector financial management, and support for transport, energy, and micro, small, and medium-sized enterprises.
0.43(2013) Population in millions
1.8%(2008-2013) Average annual population growth rate
15.0%(2010) Population living below the national poverty line